The last day of the Louis Vuitton legal battle against Hermes
It's handbags at dawn literally for Louis Vuitton and Hermes, the ongoing feud between brands pocket saw another attempt.
If you have been struggling to cope with Barney still essentially, the parent company LVMH Mo? T Hennessy Louis Vuitton Louis Vuitton has the setting stock deals in the past year illegal under a large share holding in the French version has been accused of the Hermes family.
Of course LVMH denied the allegations, Hermes began royal, taking into account all the commandments and a mahoosive legal battle has raged be.
So if Hermes CEO Patrick Thomas (an annual meeting on Tuesday), said at the request of LVMH stake of 22.6% was raised, uh, "accidentally", it is not surprising ruffled a few feathers.
Accusing the conglomerate is "fraudulent" or "so disorganized," Patrick concluded his speech. "I'll let you decide" Eish.
Quick to jump on the defensive, LVMH is now reprisals.
Recommends only a few days after the French regulatory authority AMF that LVMH fined € 10 million (£ 8.5 million) for "furtive participation" in their supposed Hermes and reportedly plans to launch a hostile takeover, LVMH vice president Pierre Gode said yesterday French daily Le Figaro that the company has a new field "after what was the [Hermes] manager said" trial.
"Hermes campaigns aim to destabilize us," he added. "Our patience has its limits. This is the time that the public learns the truth."
Ouch. Although the final decision by the AMF on 31 In July are made, it's not like this will look like two buddies soon!
What do you think of the struggle of the fashion house? They are begging to be turned into a drama on the big screen?